Accounting Firm proudly serving New Jersey and New York clients since 2007
Hello Folks! Welcome to the official bloag of Gary Mehta, CPA, EA. As NJ Accountants and Tax Consultants, we understand that the tax code is ever-changing. While striving to stay updated with current tax laws, we come across hot topics in our profession. This blog will discuss some of these topics and hope to shed some light on them. Here are some interesting and informative articles that we've written. Most of these are based on FAQs that we come across in the accounting community. Enjoy!
Congratulations, you’ve made it. You’re on your own and run a small company. You have been keeping up with the bank account management, as well as invoicing so far. However, nowadays you are expanding - sales are picking up, and you realize you have to spend more time on the not-so-fun aspect of the business, the back end. You envisioned yourself doing the sales, the client meetings, and even research and development, but never the back end analytics and reconciliations. As you’re sales grow, it seems you’re spending more time doing work than getting work. What a bummer.
In another scenario, have you been by now knee-deep in bills as well as a growing account receivable that you can’t seem to collect on? Already drowning in bills, payroll and taxes are right around the corner, and it seems you’re running out of options.
Or perhaps better still, are you just starting the small business of yours and wish to start on the right foot?
In all these scenarios, there is no better time than today to employ an accountant.
Before you can get going, you should have an understanding of what an accountant is and what they can provide.
An accountant is a pro that may manage the bookkeeping and prepares financial reports like profit-and-loss statements, balance sheets, and other things. They can perform audits company financial statements and processes that regulate how financial reporting is managed (internal controls), prepare reports for tax and regulatory purposes, as well as deal with all of the financial info that is part of running the company of yours. In other words, they're the finance nerds you need!
So just what does that mean for you as well as the business of yours? Just how can an accountant's way with numbers & superhuman calculating abilities make the life of yours easier? We’ve compiled a list here itemizing only a handful of cases of exactly how utilizing an accountant can help your company grow:
It is wise to have professional guidance from an accountant throughout the life of the small business. Whether you are only in the planning stages or quickly growing with many employees, the right guidance is valuable at any stage of business.
Small-business owners are used to doing everything and have difficulty delegating duties to others. This happens because of a lack of funds or ownership is very invested and refuses to get a professional perspective. We know that this business is your baby, and accountants want to make sure it’s nurtured properly. You’ve started the company from scratch. Don’t let a bad experience with a bookkeeper deter you from getting the right advice. These are many reasons you want a reliable, experienced, certified professional.
Accountant duties vary by occupation. Below are outlines of what different accountants do.
Always striving to be the best accountant in New Jersey & New York Metro area, Gary Mehta constantly works on improving his art. Whether it’s learning about new industries or keeping updated with new and tricky tax regulations, Gary Mehta prides on getting his clients the best tax advice. Call us now to see how we can help.